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Nigeria’s central bank has expanded the permitted operating radius for Point of Sale (PoS) terminals from 10 metres to 70 metres after concerns that the original restriction was too rigid for agents and merchants.
In a May 29, 2026 circular, the CBN also extended the enforcement deadline for the geo-fencing policy to August 1, 2026, giving payment companies more time to comply with the directive first introduced in August 2025.
The revision marks a partial retreat from one of the CBN’s strictest rules in Nigeria’s fast-growing agent banking market, which sought to tightly control where PoS terminals can operate.
Under the rules, operators such as Moniepoint, OPay, and Palmpay must geo-tag all PoS terminals and tie them to precise GPS coordinates, allowing regulators to track where each transaction originates.
